Transaction in Own Shares

Summary by AI BETAClose X

The Company repurchased 50,000 ordinary shares into Treasury at 1,203.80 pence per share (approximate cash cost £601,900). After the transaction the Company holds 120,854,216 shares in Treasury and the shares in issue less Treasury are 160,779,694. Management states Treasury shares will only be re‑issued at a premium to net asset value. The buyback reduces the free float and is likely to be accretive to net asset value per share and supportive of the share price in the absence of offsetting dilution.

Disclaimer*

UK 100

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